General Ledger
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A general ledger is a journal containing accounting transactions related to a company’s assets, liabilities, equity, revenue, and expenses.
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A general ledger is a journal containing accounting transactions related to a company’s assets, liabilities, equity, revenue, and expenses.
Business rules can be thought of as required instructions for a system to accurately process information.
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At the master company level, you are provided with four configurable business rules called organization levels that allow you to designate the structure of your component companies.
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A deduction is a monetary amount subtracted from an employee’s taxable income that reduces the amount paid on a pay statement.
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Earnings identify different types of employee compensation for services provided. Earnings can also include specific parameters such as accounting rules, tax laws, and reporting requirements.
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Create and manage organization levels for your component company using the four inherited organization level business rules.
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Taxes are calculated based on locations. A location is the physical location where the employee works, which determines the worked-in state/province income tax and/or local income tax.
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